CHATHOS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CHATHOS
Largest movements
- Cash -€139,032
down €139,032 (-58.4%), from €238,140 to €99,107
mainly Contributions, distributions and other (-€268,544) and Current investments (-€4,000)
- Receivables within one year -€23,741
no longer reported in 2025 (was €23,741)
of which Trade receivables: -€23,187
- Reserves -€162,281
down €162,281 (-27.1%), from €598,981 to €436,700
- Taxes -€24,436
down €24,436 (-32.4%), from €75,446 to €51,010
- Gross operating margin -€16,460
down €16,460 (-9.3%), from €176,291 to €159,832
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €620,360 | €459,588 | -€160,772 | -25.9% |
| Fixed assets | 21/28 | €5,819 | €3,821 | -€1,998 | -34.3% |
| Tangible fixed assets | 22/27 | €5,819 | €3,821 | -€1,998 | -34.3% |
| Plant, machinery and equipment | 23 | €882 | €354 | -€527 | -59.8% |
| Furniture and vehicles | 24 | €4,937 | €3,466 | -€1,471 | -29.8% |
| Current assets | 29/58 | €614,541 | €455,767 | -€158,773 | -25.8% |
| Amounts receivable within one year | 40/41 | €23,741 | - | -€23,741 | |
| Trade receivables | 40 | €23,187 | - | -€23,187 | |
| Other amounts receivable | 41 | €554 | - | -€554 | |
| Current investments | 50/53 | €352,660 | €356,660 | +€4,000 | +1.1% |
| Cash at bank and in hand | 54/58 | €238,140 | €99,107 | -€139,032 | -58.4% |
| Total equity and liabilities | 10/49 | €620,360 | €459,588 | -€160,772 | -25.9% |
| Equity | 10/15 | €611,381 | €449,100 | -€162,281 | -26.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €598,981 | €436,700 | -€162,281 | -27.1% |
| Distributable reserves | 133 | €598,981 | €436,700 | -€162,281 | -27.1% |
| Amounts payable | 17/49 | €8,979 | €10,488 | +€1,509 | +16.8% |
| Amounts payable within one year | 42/48 | €8,979 | €10,484 | +€1,505 | +16.8% |
| Trade debts | 44 | €399 | €799 | +€400 | +100% |
| Suppliers | 440/4 | €399 | €799 | +€400 | +100% |
| Taxes, remuneration and social security | 45 | €4,454 | €4,873 | +€418 | +9.4% |
| Taxes | 450/3 | €4,454 | €4,873 | +€418 | +9.4% |
| Other amounts payable | 47/48 | €4,126 | €4,812 | +€686 | +16.6% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,003 | €1,998 | -€5 | -0.2% |
| Other operating charges | 640/8 | €555 | €520 | -€36 | -6.4% |
| Gross operating margin | 9900 | €176,291 | €159,832 | -€16,460 | -9.3% |
| Operating profit (loss) | 9901 | €173,733 | €157,314 | -€16,419 | -9.5% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €173,694 | €157,273 | -€16,420 | -9.5% |
| Income taxes | 67/77 | €75,446 | €51,010 | -€24,436 | -32.4% |
| Profit (loss) for the period | 9904 | €98,248 | €106,263 | +€8,015 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,248 | €106,263 | +€8,015 | +8.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.